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BioVac - Pfizer

Sector: Raw Materials • Location: South Africa

Source: International Finance Corporation (IFC)

Project
Active

The project entails a financing package of $25 million to BioVac Limited (“BioVac” or the “Company”) a South African based biopharma company to support their vaccine manufacturing capabilities.  The Company is planning to expand their operations through a 2-part project the first of which involves manufacturing the Pfizer COVID-19 vaccine (fill and finish only) and IFC will finance this via a $7 m

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Project Information

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The project “BioVac - Pfizer” is an infrastructure initiative in the Raw Materials sector, located in South Africa. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Description

Description

The project entails a financing package of $25 million to BioVac Limited (“BioVac” or the “Company”) a South African based biopharma company to support their vaccine manufacturing capabilities.  The Company is planning to expand their operations through a 2-part project the first of which involves manufacturing the Pfizer COVID-19 vaccine (fill and finish only) and IFC will finance this via a $7 million loan. The second component includes construction of new multi-vaccine facility.  IFC will provide $500k funding to support the bankable feasibility study for this facility (~130 million doses annually) and provide $7.5 million in equity (~12.5% stake) and a $10 million loan to support the actual development. The main facility at BioVac consists of 6 buildings spanning some 5,500 m2 in total surface area. A new building has been constructed (building E) to house the “freezer farm” as required for the storage of vaccines.  In addition, a 50-tonne capacity liquid nitrogen tank has been installed.          

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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